Amir Saeed
Secure Method of Payment
When rehabbing a property we occasionally pay using company's check. In a recent instance we needed some work done and we chose a single entity who can perform this work. He required us to pay some deposit for work c...
Dewayne Perry
What ratios to look at for loaning private money? LTV, LTC?
I'm wanting to get into PML. I understand the after repair LTV should be no more than 65-70%. But I'm more confused on the LTV prior to rehab. Let's say a property cost $300K and needs $150K for rehab so total cost $4...
Jim Adrian
covid related late rent or partial payment
What policy or procedure are you using if your tenant won't be able to make rent due to being affected by covid in this second wave? This winter will be bad.I have a tenant that informed me today Dec rent will be sh...
Ted Klein
Unable to find any information on prospective tenant
I just got an email from Truilia about a prospective tenant. Doing a Google search, I can't find anything at all on the name. I have his phone number, zipcode, name and email address but my
searches have turned up abs...
Jason Malabute
Please help ARV came super low
2 of my rehabbed properties ARV came in super low. I’m gonna ask my agent to challenge ASAP . My question is anybody here unsuccessful in challenging an appraisal in the past? What would you have done differently to i...
D.J. Parten
Looking for my first deal
My dad and I decided that we would start investing together. He has the money, and I have the time and have been studying for several years now. We ended up getting two properties under contract that looked like great...
Edita D.
owner alarming agaisnt property mng
Hello,
I am shopping for a new PM company. It is impossible to find lots of reviews on PM companies, for some reason. I did research on a company I want to hire, and among positive feedback (which may be fake), I fou...
Jake Johnson
Failed to verify mortgage rate
Just completed a buy for a $250k single family home from a sale by owner , thought it was an ok buy based on her initial list of $266k . No commission to buyers agent or seller agents . Bought this with a FHA owner oc...
Jack B.
Transfer of tenant deposits to me once the deal closes?
The sellers agent/property manager told me that they would provide leases and such from the current tenants upon closing and would transfer the money from tenants deposits (they didn’t collect last months rent) from t...
Michael Roman
Knowing if your lender or investor is a fraud
Hello BP community,I find that there are lots of sub-par companies and people out there and from our initial conversations with certain lenders or investors, I suspect them of being fraudulent. Their emails feel copy...